Bank of Canada's Lane: Economy is running on two speeds

Comments from Bank of Canada deputy Tim Lane in Thunder Bay, ON

The text from Lane's speech isn't out but there's a presentation on the BOC website with some bullet points.

• US economy providing lift to Canadian economy but exports disappointing
• Inflation is close to target
• Demographics are restraining growth
• Commodity and non-commodity sectors running at different speeds
• Labor market is still recovering

The full presentation is here. There will be more detailed headlines when he speaks. He's set to talk at 12:25 pm ET.